News

Banking
Nationwide Plans To Ditch Retail Banking Business
May 08, 2018

Insurance giant Nationwide has announced it is leaving the retail banking business. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...

eCommerce
Jumia Sets Its Sights On Egypt And Unlicensed Vendors
May 08, 2018

Jumia, the leading eCommerce player in Africa, has set its sights on Egypt, aiming to grow tenfold on a revenue basis and sixfold in the number of products it sells — to 12 million — by 2021. Get the Full Story Complete the form to unlock...

Retail
Etsy Gears Up For Q1 Earnings Amid Shift To Core eCommerce Offerings
May 08, 2018

After the company posted better-than-expected fourth-quarter earnings amid its turnaround and hit a milestone in gross merchandising sales, analysts are anticipating slightly lower earnings for Etsy’s first quarter as the online marketplace seeks to refocus on its core eCommerce offerings. Get the Full Story Complete...

B2B Payments
B2B eCommerce Gaining In Popularity Among Merchants
May 08, 2018

BigCommerce, the eCommerce platform for brands, released a new report on Monday (May 7) that showed 80 percent of merchants who responded to its survey accept B2B orders online, and 78 percent of those have been offering online purchasing for at least two years. Get the...

International
U.S./China Trade Fight Could Hurt Global Tech Supply Chain
May 08, 2018

With the U.S. picking up its actions against Chinese technology firms, analysts and consultants are warning that it will create big economic problems for the global technology sector. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Merchant Innovation
Pitney Bowes Aims To Make Business Shipping Easy
May 08, 2018

Pitney Bowes has announced the launch of SendPro Enterprise, a cloud-based multi-carrier and PC postage software solution that gives companies greater control over all shipping activity and spending. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Partnerships / Acquisitions
Nokia Takes On IoT With SpaceTime Acquisition
May 08, 2018

Nokia has announced it has acquired SpaceTime Insight, a California-based IoT startup that provides predictive analytics based on machine learning algorithms. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Banking
ValueAct Builds $1.2 Billion Stake In Citigroup
May 08, 2018

Activist investor ValueAct Capital Partners revealed that it’s built a roughly $1.2 billion stake in Citigroup. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

Security & Fraud
Fiserv’s Davie: Card Reissuance Post-Breach: Why Less Is More
May 08, 2018

Only 5 to 10 percent of cards whose data is exposed in a breach end up getting used in fraudulent transactions, a Fiserv executive says in “Walk to the Elevator,” a new interview series from PYMNTS. Becoming more precise with fraud detection can help prevent...